Turkey, Russia, Ukraine & Kazakhstan Diversify in Gold
Today's AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce. Yesterday’s AM fix was USD 1,569.00, EUR 1,256.41, and GBP 1,009.00 per ounce. Silver is trading at $27.47/oz., €22.08/oz. and £17.64/oz. Platinum is trading at $1,445.25/oz., palladium at $601.40/oz. and rhodium at $1,190/oz. Gold’s safe haven credentials were burnished again yesterday when despite falls in stock indices globally, gold rose $15.10 or 0.99% and closed at $1,586.30/oz. Gold traded sideways in Asia and continues in a narrow range in European trading holding above $1,580/oz.
EU supports Central Asian countries’ intentions to join WTO
The EU is committed to support Central Asian countries accession to the World Trade Organization (WTO), the conclusions of the EU Council on Central Asia say.
EU intends to sign contract with Azerbaijan and Turkmenistan on legal base of Trans-Caspian gas pipeline
European Union intends to sign contract with Azerbaijan and Turkmenistan on legal base of Trans-Caspian gas pipeline, materials on outcomes of meeting of foreign ministers of EU 27 member countries in Luxemburg reported.
Iranian FM to visit Kazakhstan
Iranian Foreign Minister Ali Akbar Salehi will arrive in Astana on Tuesday on a working visit, Kazakh Foreign Ministry spokesman Altai Abibullayev said on Monday.
India taking steps to avert disruption in oil imports from Iran
India's Oil Ministry is adopting measures to provide insurance coverage for tankers transferring crude oil from Iran, in an attempt to prevent the US-engineered EU sanctions from disrupting Iranian oil shipments to the Asian country.
Gazprom, EDF to partner on gas-fired power generation in Europe
Alexey Miller, the Chairman of the Management Committee of Gazprom and Henri Proglio, Chairman and CEO of EDF held a working meeting within the framework of the St. Petersburg International Economic Forum - 2012.
Russian-Turkish ties are set for Catholic marriage
Despite divergence on certain political issues like Syria, a leading Turkish businessman active in Russia expresses confidence that Turkey and Russia are set for a global, strategic and economic partnership in new markets, especially in the Middle East. Such bonds between the two countries can no longer be broken, says Erman Ilıcak.
Tupras Cuts Iranian Crude Imports 20%
Turkey's energy minister, Taner Yildiz, said Friday that the country continues to buy Iranian crude but that it has reduced imports to its main refiner Tupras (TUPRS.IS) by 20%.
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